The second round of financial assistance for small businesses in Los Angeles is now open! To apply, click here.
The City of Los Angeles allocated American Rescue Plan Act (ARPA) funds to provide grants to eligible microenterprises and small businesses in need of economic support due to business interruptions or business closures suffered as a result of the COVID-19 pandemic.
The Comeback Checks Program will provide $5,000 grants to approximately 5,000 businesses in the City of Los Angeles. Grant recipients will be selected through a weighted lottery process, with final award recommendations based on the availability of funds, program guidelines, submission of all required information, and supporting documentation.
Grant funds may only be used for allowable costs incurred on or after March 3, 2021.
ELIGIBILITY:
There are three business types that are eligible for the Comeback Checks grant program. They include:
1. Microenterprises:
small businesses with five (5) employees or less, including the owner(s), with less than $100 thousand in annual gross revenue
2. Small Businesses:
businesses with less than $1 million in annual gross revenue
3. Small to Medium Businesses:
businesses with have yearly gross revenues between $1,000,000 and $5,000,000 in the most recent tax return